Smartphone boom a ‘rose with thorns’

Smartphone boom a ‘rose with thorns’

Updated: 2013-08-21 16:12

( Xinhua)

JINAN — Cao Kai finds it hard to fall asleep, and his eyesight is worsening. Cao blames it on his smartphone, which the 28-year-old white-collar worker feels compelled tocheck for updates on microblogs and other social networking applications. His solution? Cao has made it a rule to turn off his phone’s 3G network at 10 pm in order to cuthimself off from the virtual world. Cao lives in Jinan, capital of Shandong province, where he said life after work pales incomparison to the bustling nightlife in big cities, like Beijing or Shanghai. His smartphone, loaded with a few social networking apps, promises fun and spices up anotherwise uneventful night. Cao is among many smartphone owners across the country who find themselves glued to thescreens of their iOS, Android or WP-based handsets. More than 77 million smartphones were sold in the second quarter of this year, accounting for85.3 percent of total mobile phone sales, according to a report released Wednesday byAnalysys International.The increasing popularity of such handsets in China has spurred new concerns about thepotential impact of smartphone addiction.

“As we get addicted to our smartphones, we spend less time socializing with people in real life,get distracted from work, and feel tired from staring at the screen for too long,” Cao said.

Some Chinese netizens have even compared the handset obsession to smoking opium in orderto raise alarm over the growing reliance on smartphones.

But hi-tech device consumers in China, home to the world’s largest number of smartphoneusers, totaling 380 million at the end of 2012 according to Internet consultancy iResearch, areunlikely to give up its latest obsession.

Apps like the Twitter-like microblog Sina Weibo and instant messaging service WeChat are allseeking to engage their users on a deeper level.

The latest version of WeChat, for example, has introduced interactive games that allow users tocompete against each other for top scores.

In one extreme case, a woman in Zhejiang Province played a WeChat game for so long thatshe hurt her thumb joint, according to local news reports.

Meanwhile, the Chinese government hopes to tap the handset boom and IT-relatedconsumption in an effort to steer the world’s second-largest economy toward a moreconsumption-driven growth model.

At an electronic mall in Jinan, Hou Min was looking for a new smartphone to replace her oldermodel. As she walked down an aisle, dozens of smartphone vendors jostled for her attention.

“This will be my second smartphone and these gadgets are becoming increasingly convenientto use,” Hou said.

Recent research by media investment management firm GroupM shows 66 percent of thoseinterviewed in China have broken up with significant others over the phone, 91 percent preferto check the time on their phones instead of a watch, and 73 percent have used their phonesto scan matrix barcodes.

The research also finds that a whopping 95 percent of respondents said they spend an houron average with their smartphones before going to sleep.

Xu Xiaonan, a mobile app developer in Beijing, said the reliance on smartphones shows thegrowing need for services provided by popular mobile apps.

Xu cited Micro Love, an app he helped develop, as an example. The application offersmessaging solutions for couples separated by distance.

“Smartphones shouldn’t be made the scapegoat for the problems we have,” Xu said. “Usersshould exercise self-restraint and use their phones wisely.”

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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